At the end of a deserted avenue in the suburbs of Wuhan, a few stationary cranes and unfinished buildings ... This is all that remains of Hongxin, a Chinese group that dreamed of being the champion of semiconductors, those electronic components whose global shortage affects the automotive industry, smartphone manufacturers and even video game console producers.
Can Europe become a semiconductor champion?
Established in 2017, Hongxin (HSMC) aspired to compete with SMIC, China's largest refiner, producing 30,000 wafers per month (
, English) for chips 14 nanometers by 2022 and 7 nanometers (more finely engraved) the following years.
The investment was estimated at 128 billion yuan (16.5 billion euros).
This project was set up when China realized the importance of strengthening its own sector in order to reduce its dependence on foreign suppliers and to protect itself from American sanctions.
To make up for its technological backwardness estimated at two
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